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Kreditech Raises $92M to Provide Banking Services to a Risky Segment

On 28th September 2015, Kreditech, a technology company that delivers a range of custom-tailored financial services to customers across Europe and beyond, raised $92 million in Series C round to build a financial product for serving a segment with little or no credit history. Funds raised in Series C more than doubled previous round investments of $40 million. According to the company's official website, the round was led by J.C. Flowers & Co. LLC, a leading private investment firm. Peter Thiel and Amadeus Capital Partners invested earlier this year in a bridge loan that has ...

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